Federal Reserve Release, H2, Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received

District: 6
Federal Reserve Bank of: Atlanta

Filings received during the week ending December 25, 2021

Filer

Filing Type

Filing Proposal

End of Comment Period

LOCAL BANCORP, INC.

* 3A1

Local Bancorp, Inc., Little Rock, Arkansas to become a bank holding company by acquiring Red Level Financial Corporation and its wholly owned subsidiary, The Peoples Bank of Red Level, both of Red Level, Alabama.

Newspaper:	Not available
Federal Register:	01/14/2022

LOWNDES BANCSHARES, INC.

* 4c8
* 3A1

Lowndes Bancshares, Inc., Valdosta, Georgia (Bancshares), to convert from a savings and loans holding company to a bank holding company in connection with its acquisition of the outstanding shares of The Citizens National Bank of Quitman, Quitman, Georgia. Bancshares also to retain Commercial Banking Company, Valdosta, Georgia, and thereby engage in operating a savings association pursuant to section 225.28(b)(4)(ii) of Regulation Y.

Newspaper:	01/16/2022
Federal Register:	Not available

PEOPLES BANCSHARES, INC.

CIC

Bradley C. Davis, Charleston, South Carolina, a member of the Davis Family Group, to retain voting shares of Peoples Bancshares, Inc., and thereby indirectly retain voting shares of Peoples Bank, both of Mendenhall, Mississippi. In addition, Sidney Dewitt Davis III, Mendenhall, Mississippi and Bradley C. Davis, Charleston, South Carolina, as co-trustees for The Sid Davis Trust; Melissa Lenox, Charleston, South Carolina; Sharon Ammann, Steve Ammann, and Steven Wade Ammann, all of Mendenhall, Mississippi; Charles Cockrell, Dauphin Island, Alabama; Michael Tolleson and Brian Jernigan, both of Madison, Mississippi; Margaret Steinberger, trustee of the Margaret Steinberger Revocable Trust and Bruce Steinberger, both of Coral Gables, Florida; Audrey Davis, Magee, Mississippi; to join the Davis Family Group, a group acting in concert, to retain voting shares of Peoples Bancshares, Inc., and thereby indirectly retain voting shares of Peoples Bank, both of Mendenhall, Mississippi.

Newspaper:	11/24/2021
Federal Register:	Not available

PEOPLES FINANCIAL CORPORATION

CIC

Stilwell Activist Investments, L.P, Stilwell Activist Fund, L.P., and Stilwell Value Partners VII, L.P., three of the affiliated private investment partnerships known as The Stilwell Group, with Stilwell Value LLC, the general partner of each of the limited partnerships (each of the foregoing entities are of New York, New York), and Mr. Joseph D. Stilwell (of San Juan, Puerto Rico), who controls Stilwell Value LLC, have applied to the Federal Reserve Board, individually and as part of a group acting in concert, to acquire common stock of Peoples Financial Corporation, and its subsidiary, The Peoples Bank, both of Biloxi, Mississippi.

Newspaper:	Not available
Federal Register:	Not available

RAYMOND JAMES FINANCIAL, INC.

* 3A1
* 3A3

Raymond James Financial, Inc., St. Petersburg, Florida, through established wholly owned subsidiaries, will merge with Tristate Capital Holdings, Inc., and thereby indirectly acquire its subsidiary, Tristate Capital Bank, both of Pittsburg, Pennsylvania. In connection with this merger, RJF subsidiary Macaroon Two LLC, St. Petersburg, Florida, will become a bank holding company by acquiring and merging with Tristate Capital Holdings, Inc., thereby indirectly acquiring Tristate Capital Bank.

Newspaper:	01/18/2022
Federal Register:	01/27/2022

REGIONS BANK

* Branch

Regions Bank, Birmingham, Alabama, to establish a mobile branch to be known as the Portable Branch Facility in the Birmingham-Hoover, AL Core Based Statistical Area which includes the following counties: Jefferson County, Shelby County, Bibb County, Blount County, Chilton County, and St. Clair County.

Newspaper:	12/30/2021
Federal Register:	Not applicable

Availability of CRA Public Evaluations

The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods. It was enacted by the Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR 228). The regulation was revised in May 1995.

The CRA requires that each depository institution's record in helping meet the credit needs of its entire community be evaluated periodically. That record is taken into account in considering an institution's application for deposit facilities.

A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.

Federal bank regulators use the following performance levels to rate an institution's performance under CRA:

O = Outstanding
S = Satisfactory
NI = Needs to improve
SN = Substantial noncompliance

The following state member banks have been examined and their CRA public evaluations are now available.

Institution / Location	RSSD ID	Exam Date	CRA Public Date	CRA Rating	Exam Method
NONE

CRA Examinations scheduled for Quarter of

Institution	Location	Quarter
NONE

* Subject to the provisions of the Community Reinvestment Act

District: 6 Federal Reserve Bank of: Atlanta

Filings received during the week ending December 25, 2021

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 6
Federal Reserve Bank of: Atlanta